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Rent-to-own, a term used in the United States for rental of furniture or appliances. The term is also used in the US for real estate transactions, where the tenant has an option to purchase the property at a fixed price at a specified future time. Such arrangements are also known as lease-option, lease-to-own or lease to purchase option.
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent. For parts of buildings it is most common for users to pay also by collateral contract, or by the same contract, a service charge which is normally an express list ...
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Barns not involved in animal husbandry were most commonly the crib barn (corn cribs or other types of granaries), storage barns, or processing barns. Crib barns were typically built of unchinked logs, although they were sometimes covered with vertical wood siding. Storage barns often housed unprocessed crops or those awaiting consumption or ...
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Barndominium is derived from using a combination of the words "barn" and "condominium". [4] The original use of the phrase referred to a master-planned development that centered on living near horses. [5] The term was then readopted in the mid-2000s to refer to metal homes that were used as a primary residence.
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